Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 7.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 260 shares of the information services provider’s stock after selling 20 shares during the period. Alpha DNA Investment Management LLC’s holdings in Alphabet were worth $537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Linscomb & Williams Inc. grew its stake in shares of Alphabet by 2.8% during the 1st quarter. Linscomb & Williams Inc. now owns 3,529 shares of the information services provider’s stock valued at $7,300,000 after buying an additional 96 shares during the period. Timucuan Asset Management Inc. FL grew its stake in shares of Alphabet by 1.0% during the 1st quarter. Timucuan Asset Management Inc. FL now owns 63,307 shares of the information services provider’s stock valued at $130,959,000 after buying an additional 604 shares during the period. Brinker Capital Investments LLC grew its stake in shares of Alphabet by 89.4% during the 1st quarter. Brinker Capital Investments LLC now owns 14,450 shares of the information services provider’s stock valued at $29,892,000 after buying an additional 6,822 shares during the period. Pinnacle Advisory Group Inc. grew its stake in shares of Alphabet by 7.4% during the 1st quarter. Pinnacle Advisory Group Inc. now owns 2,102 shares of the information services provider’s stock valued at $4,348,000 after buying an additional 145 shares during the period. Finally, Burleson & Company LLC purchased a new stake in shares of Alphabet during the 1st quarter valued at $223,000. 31.73% of the stock is owned by institutional investors.

Several analysts have recently issued reports on GOOG shares. Wedbush initiated coverage on shares of Alphabet in a research note on Wednesday, April 14th. They set an “outperform” rating and a $2,953.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their price target on shares of Alphabet from $2,600.00 to $3,050.00 and gave the stock a “buy” rating in a research report on Wednesday, April 28th. Raymond James upped their price target on shares of Alphabet from $2,440.00 to $2,750.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 28th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut shares of Alphabet from a “buy” rating to a “neutral” rating in a research report on Monday, May 10th. Finally, Piper Sandler upped their price target on shares of Alphabet from $2,250.00 to $2,635.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 28th. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $2,495.63.

In related news, CEO Sundar Pichai sold 3,000 shares of the stock in a transaction dated Wednesday, March 17th. The shares were sold at an average price of $2,075.03, for a total transaction of $6,225,090.00. Following the sale, the chief executive officer now owns 6,582 shares in the company, valued at $13,657,847.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sergey Brin sold 13,889 shares of the stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $2,301.36, for a total transaction of $31,963,589.04. Following the sale, the director now owns 13,889 shares in the company, valued at approximately $31,963,589.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,998 shares of company stock worth $132,704,290. Company insiders own 12.99% of the company’s stock.

Shares of Alphabet stock opened at $2,521.60 on Friday. The firm has a market cap of $1.69 trillion, a price-to-earnings ratio of 33.57, a PEG ratio of 1.52 and a beta of 1.01. The firm has a 50-day moving average of $2,344.39. The company has a current ratio of 3.10, a quick ratio of 3.09 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 1 year low of $1,347.01 and a 1 year high of $2,523.26.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Monday, April 26th. The information services provider reported $26.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $15.74 by $10.55. The business had revenue of $55.30 billion for the quarter, compared to analyst estimates of $51.40 billion. Alphabet had a net margin of 26.11% and a return on equity of 23.54%. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $9.87 EPS. Equities analysts expect that Alphabet Inc. will post 89.46 EPS for the current year.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.

Recommended Story: Book Value Per Share in Stock Trading

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.